American Express Company $AXP Stock: North Dakota State Investment Board Cuts Stake

North Dakota State Investment Board lowered its holdings in shares of American Express Company (NYSE:AXP) by 89.4% during the third quarter, Holdings Channel reports. The firm owned 16,206 shares of the payment services company’s stock after selling 136,787 shares during the period. North Dakota State Investment Board’s holdings in American Express were worth $4,928,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Archer Investment Corp bought a new stake in American Express in the second quarter worth $25,000. Elevation Wealth Partners LLC raised its holdings in American Express by 78.8% during the third quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock valued at $28,000 after buying an additional 41 shares in the last quarter. John Boyer Inc. bought a new position in American Express during the third quarter valued at about $29,000. Cedar Mountain Advisors LLC raised its holdings in American Express by 58.3% during the second quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock valued at $32,000 after buying an additional 35 shares in the last quarter. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of American Express in the second quarter worth about $33,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Key American Express News

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express reported third-quarter adjusted EPS of $4.68, ahead of the $4.50 consensus estimate, while revenue increased 8.9% year over year to $20.06 billion. The company also maintained or raised its 2026 EPS outlook to $17.60–$17.90, supporting the investment case. Is AmEx Stock a Buy After Q3 Earnings Beat? Premium Appeal Shines
• Positive Sentiment: Analysts and investors continue to highlight AXP’s valuable brand, affluent customer base, strong cash flow and premium spending trends. Some commentary suggests the stock may be below fair value relative to its earnings power and returns on capital. American Express Stock Looks Below Fair Value On Earnings Strength
• Positive Sentiment: JPMorgan raised its price target for American Express, providing additional support for the stock following the earnings report. American Express Stock Gets Price Target Boost from JPMorgan Chase
• Neutral Sentiment: Analyst opinion remains mixed: Morgan Stanley assigned a Hold rating, while other coverage is more constructive. This limits the immediate bullish impact of the earnings beat. Morgan Stanley Issues a Hold Rating on American Express
• Negative Sentiment: Investors remain concerned about rising benefit and operating costs, softer commercial-card growth and the stock’s broader 2026 underperformance despite record earnings. American Express is also exposed to higher interest rates, falling asset prices and rising unemployment among high-income consumers. Reasons American Express Stock Is Having Its Worst Year Since 2015 Despite Record Earnings
• Negative Sentiment: The planned elimination of 3,500 jobs and $336 million restructuring charge to support artificial-intelligence integration could weigh on near-term results, even though management expects longer-term efficiency benefits. American Express to Cut 3,500 Jobs in Restructuring

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Barclays decreased their price target on American Express from $342.00 to $340.00 and set an “equal weight” rating for the company in a research note on Monday. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Piper Sandler raised their price objective on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. William Blair reissued an “outperform” rating on shares of American Express in a research note on Friday, October 23rd. Finally, Benchmark began coverage on American Express in a report on Monday, July 13th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.19.

American Express Stock Performance

NYSE:AXP opened at $318.38 on Thursday. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The firm’s fifty day simple moving average is $317.76 and its 200 day simple moving average is $326.90. The company has a current ratio of 1.65, a quick ratio of 1.54 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $215.00 billion, a PE ratio of 17.93, a PEG ratio of 1.33 and a beta of 1.08.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, topping the consensus estimate of $4.50 by $0.18. The firm had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $20.12 billion. American Express had a net margin of 15.80% and a return on equity of 34.19%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. On average, sell-side analysts anticipate that American Express Company will post 17.73 EPS for the current year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th will be paid a $0.95 dividend. The ex-dividend date is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. American Express’s payout ratio is presently 21.40%.

American Express Company Profile

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.